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    EXCLUSIVE: This Congressman Calls Export-Import Bank 'The Face of Cronyism'

    What’s wrong with helping people in other countries buy American? Well, a lot if you’re loaning them U.S. taxpayer money to do it. As Congress gets ready to debate keeping the Export-Import Bank, Rep. Jeb Hensarling (R-Texas) tells The Foundry why he believes the Ex-Im Bank is “the face of … More

    We Give Foreigners Taxpayer Money to Import Stuff from America. What?

    Is there anything the U.S. government doesn’t take taxpayer dollars to do? Here’s a lesser-known function of your hard-earned money: providing backing for people in other countries to buy things from America. Come again? Yes, that’s right. Let’s say Air China wants to purchase some Boeing jets. To encourage that … More

    Housing Finance: Fannie–Freddie 2.0

    Josh Rosner, who in Reckless Endangerment (2011) exposed the cronyism of Fannie Mae and warned of a meltdown of the government-sponsored enterprises (GSEs) as far back as 2001, recognizes that the Johnson–Crapo housing finance bill gives us Fannie–Freddie 2.0: Rather than fix these problems, legislators seek to demolish the current … More

    Inequality Starts at the Top

    President Obama has vowed to spend his remaining years battling against income inequality. He’s proposing, among other solutions, a national minimum wage. But Washington, D.C., an island of success in a country that’s a sea of struggle, is the wrong place to try to combat inequality. “During the past decade, … More

    New Jersey’s New Dealership Regulations Push Out Tesla, Prevent Competition

    In a move that is blatantly anti-competitive and anti-consumer, the New Jersey Motor Vehicle Commission (NJMVC) enacted regulations that, beginning April 1, would prohibit non-franchised, non-licensed businesses from selling vehicles in the state. The regulations would effectively prohibit Tesla manufacturers from selling directly to buyers in New Jersey. You can … More

    Happy Halloween: Candy-Crushing Cronyism

    This Halloween, millions of Americans will, as every year, be handing out candy. But this year, the real trick could be finding treats made in the U.S.A. Because of government cronyism aimed at protecting big sugar producers, much of the candy in your child’s bag will come from overseas. According … More

    Political Football Commercials? Just Be Glad You’re Not in Argentina

    The Obama Administration wanted to advertise Obamacare during NFL games this fall, but the NFL turned them down (although some individual teams have agreed to help out). But what if every ad during every football game were political? That’s the case in Argentina. In 2009, Argentina’s president, Cristina Fernández de … More

    Are These Senators Regretting Their Export-Import Bank Votes?

    For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over a proposed $650 million financing deal for Roy Hill, an Australian mining company. The deal, backed by the Export-Import Bank, the U.S. government’s export credit … More

    Fueling Cronyism

    No one knows how much ethanol Americans would use if the fuel didn’t receive preferential treatment. Would we use any at all? We do know it has drawbacks as compared to gasoline. Ethanol has less energy, so it reduces fuel efficiency and increases costs. It can damage small engines such … More

    BrandUSA: Senate Immigration Bill Extends Wasteful, Flawed Program

    On Thursday, the Senate will vote on S. 744, a highly flawed comprehensive immigration “reform” bill. As is often the case with comprehensive bills, S. 744 is full of handouts, pork, and special-interest deals. One example of this lies in provisions that would extend the funding of BrandUSA, a government-run … More